$DF Short Liquidation: A Power Shift at $0.09049
$3,534.4 worth of $DF shorts have been liquidated at $0.09049, signaling a surge in bullish momentum and potentially marking the beginning of a breakout phase.
The bears are on the defensive as the bulls seize control of the market narrative.
Key Details:
1. Liquidation Zone: The $0.09049 level has become a critical price point, reflecting significant short-squeeze pressure.
2. Market Sentiment: This liquidation highlights strong buying interest, likely attracting more bullish participants.
Next Move:
Bullish Scenario: A sustained move above $0.09100 could lead to a rally targeting $0.09500, with further potential toward $0.1000 if momentum persists.
Bearish Scenario: A rejection or consolidation below $0.09050 might see the price retrace to $0.08800 for support.
Stop Loss Guidance:
For Long Positions: Place your stop loss below $0.08950 to protect against sudden pullbacks.
For Short Positions: Set a stop loss above $0.09150 to avoid further losses in a potential upward continuation.
$DF is at a crucial juncture. Traders should be prepared for rapid market movements as bullish energy tests the limits of resistance.